There are certain transactions that are enforceable without consideration. These include:
a. promises to pay a debt barred by the statute of limitations.
b. a promise to pay a debt that has been discharged in bankruptcy if certain requirements are met.
c. a new promise to perform a voidable obligation that has not previously been avoided.
d. All of these.
d
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A company issues 9%, 5-year bonds with a par value of $100,000 on January 1 at a price of $104,055, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:
A. $0. B. $9,000. C. $8,000. D. $4,000. E. $4,500.
In a communication process, a receiver's set of reactions after seeing, hearing, or reading a message is known as a
A. source. B. response. C. noise. D. perception. E. channeling.
The value of insurance comes from its ability to reduce the cost of ________ for the firm
A) adverse selection B) vertical integration C) overhead D) market imperfections
Headhunters refer to outside agencies that specialize in finding and placing employees
Indicate whether the statement is true or false.